Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Regulatory

ASIC cancels Melbourne firm's AFSL

KANIKA SOOD  |  THURSDAY, 17 MAY 2018
ASIC has cancelled the Australian financial services (AFS) licence of a Melbourne-based advice firm, which was among a trio of companies that copped a $7.2 million fine from the corporate regulator in February.

Fees for no service compensation unfinished business: ASIC

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
ASIC chair James Shipton said there are financial services firms who have obstructed the regulator; that the fees for no service issue is far from over; and a new benchmark for life insurance accountability will be introduced.

Peak bodies join forces over due diligence

HARRISON WORLEY  |  THURSDAY, 17 MAY 2018
The Australian Institute of Superannuation Trustees and the Financial Services Council have joined forces, releasing guidance tools designed to help fund managers prepare operational due diligence reports for the superannuation industry.

ASIC wants industry views on short selling

DARREN SNYDER  |  TUESDAY, 15 MAY 2018
ASIC is reviewing its approach to short selling, including a proposal which would allow market makers of certain exchange-traded products to naked short sell units in an ETF or a managed fund.

ASIC and FPA submit recommendations to RC

HARRISON WORLEY  |  FRIDAY, 11 MAY 2018
ASIC and the FPA have made several recommendations to the Royal Commission, including eliminating the practice of grandfathered advice commissions.

CBA cops $25 million for BBSW rigging

KANIKA SOOD  |  WEDNESDAY, 9 MAY 2018
Commonwealth Bank will fork out $25 million to settle its bank bill swap rate rigging scandal, adding to the bank's pile of settlement payouts.

Labor responds to 'unfair' Budget

KARREN VERGARA  |  TUESDAY, 8 MAY 2018
The Labor Party said pensioners and working Australians will be most disadvantaged by this year's Budget proposals.

Budget 2018: Social media reaction

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
No sooner had Treasurer Scott Morrison uttered his first words of the 2018 Budget when social media commentators began having their say. Here's how Twitter reacted.

Royal Commission sees increased ASIC, APRA funding

ALEX BURKE  |  TUESDAY, 8 MAY 2018
Both ASIC and APRA will receive additional payments from the Government in light of the financial services Royal Commission.

Budget paves way for retirement income framework

KARREN VERGARA  |  TUESDAY, 8 MAY 2018
The Federal Government will accelerate the development of retirement income products and means testing could come as early as 1 July 2019.